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Showing results for tags 'development finance'.
Hey Everyone, I am looking into self build funding and see Ecology mentioned on this forum quite a lot. Few questions: - When Ecology grant a mortgage, do you have a monthly payment up front, or do they class this as a development type finance and roll it into the exit? - I am assuming you only pay interest on the drawn down funds, rather than interest on for example a 500k mortgage up front? - Would they take first charge over an existing property as part of the mortgage process or just provide the additional funds to build the new house as a 2nd charge Thanks Chris